I spent some time editing that cycle explanation - check out
this new graphic
the other thing I could add is that the prices strongly break
through the cycle resistance that cycle becomes support just like
when you broke through a trendline, and when price breaks through a
support cycle that cycle is now resistance
I spent some time editing
SPX 15 min
Posted by matt on 9th of Oct 2020 at 11:09 am
I spent some time editing that cycle explanation - check out this new graphic
the other thing I could add is that the prices strongly break through the cycle resistance that cycle becomes support just like when you broke through a trendline, and when price breaks through a support cycle that cycle is now resistance
I added a little more,
Posted by matt on 9th of Oct 2020 at 11:20 am
I added a little more, NOW this is a great explanation how how the cycle indicator works